In the CIA life insurance note on margins for adverse deviations it specifies a minimum and maximum range for some assumptions e.g. mortality etc.
I don't see any explicit guidance on whether these min and max values should apply to a base policy only or to both the base policy and the riders associated with that policy. Is normal industry practice to apply the margins, within limits, to the base policies only and not to the riders? Can margins outside of min and max be held for riders?
I don't see any explicit guidance on whether these min and max values should apply to a base policy only or to both the base policy and the riders associated with that policy. Is normal industry practice to apply the margins, within limits, to the base policies only and not to the riders? Can margins outside of min and max be held for riders?
Guidance on margins
